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Russia to link Iran to global payment systems   

Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with global payment systems.   Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with…

Italy’s Azimut seals deal to become first foreign fund to operate in Iran

Traders watching shares developments at Tehran Stock Exchange (TSE). An Italian asset manager has purchased stakes in an Iranian financial company thus becoming the first foreign fund house to invest in the nation’s financial sector.   The Financial Times reported that Azimut, a €48-billion group headquartered in Milan, had acquired 20 percent…

Czech Republic to fund Iran investments

Svatopluk Cumba, the ambassador of the Czech Republic to Iran, says his country plans to allocate a credit line of €100 million to support Iran’s infrastructure projects.  The Czech Republic says it plans to allocate a credit line of €100 million to support Iran’s infrastructure projects.  The announcement was made…

Iran Air receives two new ATR planes

Iran’s national flag-carrier airline Iran Air has received two more turboprop planes from the Franco-Italian aviation player ATR.  Franco-Italian aviation player ATR has delivered two more turboprop planes to Iran’s national flag-carrier airline Iran Air thus bringing the total number of deliveries to six from a package of 20.  The…

Another EU bank unveils plan to fund Iran projects

BPI France CEO Nicolas Dufourcq. France’s state investment bank Bpifrance (BPI) says it plans to provide funds to French companies that invest in the Iranian economy from next year, becoming the third European bank to do so after similar moves were announced last week by banks from Austria and Denmark. …

Iran expands overseas farming amid lingering drought

Corn plantation in Azadshar in Iran’s northern Golestan Province Iran is exploring overseas resources to ensure stable supplies of agricultural products for a rapidly urbanizing population in the face of the constraints of worsening land and water resources. The semi-arid state has been investing in large areas of farmland overseas,…

China signs deal to provide Iran with $10bn in loans

China’s CITIC Group has signed an agreement with five Iranian banks to provide a credit line of $10 billion for Iran’s infrastructure projects. China has signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects – what is seen as the biggest economic…

Iran’s Kish Airline to buy Boeing, Airbus planes

Iran’s Kish Airline has announced an ambitious plan to purchase over a dozen new planes from global aviation giant Airbus and Boeing. Iran’s Kish Airline has announced an ambitious plan to purchase over a dozen new planes from global aviation giant Airbus and Boeing. Kish Airline CEO Mohammad Taqi Jadidi…

Iran says +1,400 planes cross its skies daily

Iran says international air traffic over its skies has reached above 1,400 planes per day in what is believed to be a result of growing confidence in the country’s safe airspace. Iran says at least 1,400 planes cross its skies everyday – an announcement that a top military official in…

Russians to finance €1bn rail electrification in Iran

The Iranian railway on the Gorgan-Gonbad-e Kavus route A Russian bank has agreed to provide 1 billion euros to electrify a 500 km railway route in northern Iran, state news agency IRNA has quoted a senior official as saying. Head of the Islamic Republic of Iran Railways for northern network,…